Atlatsa makes progress at Bokoni
Atlatsa Resources says it is delivering on the operational side of its turnaround
strategy, even though a delay in the restructuring of its balance sheet means
the group continues to suffer losses.
Lonmin violence death toll rises to nine
The campaign of violence that has engulfed Lonmin’s Karee operations in North
West so far claimed the lives of nine people - two police officers and seven mine
employees.
Platinum miners “will pay for their sins’
The major platinum producers of North West will bear the brunt of more violent
community protests for as long as discontent over social inequality persists,
says the Bench Marks Foundation.
Six die in Lonmin violence
UPDATED: Four Lonmin employees and two police officers have been killed in
various incidents of suspected inter-union conflict at the company’s Western
Platinum operations.
Northam has “legal imperative’ to Mvela Holdings
Mvelaphanda Holdings will receive "free’ A shares from Northam despite having sold
down its stock in the company because it has a "legal imperative’ to do so.
Implats HEPS down by as much as 41%
Impala Platinum says its headline earnings for the past financial year may be down
by as much as 41%.
Aquarius: Kroondal is safe, for now
Aquarius Platinum’s Kroondal mine can withstand a further fall in PGM prices and is
unlikely to be placed under care and maintenance, says CEO Stuart Murray.
Woeful financials spark Aquarius sell-off
Aquarius Platinum’s financials all but confirmed the bleak situation CEO Stuart
Murray previously warned the company was facing, yet still achieved to rip another
10% from the group’s share price.
Xstrata takes $500m hit on Lonmin stake
Xstrata has taken an impairment charge of $514m against its 24.6% stake in
platinum producer Lonmin; an asset it is likely to dispose of should it merge
with Glencore International.
Alarm as Northam forced to rehash BEE deal
Northam Platinum said its empowerment partners had sold up to 10% of their
26% stake to meet bank covenants. However, the same BEE partners will
benefit from the new deal sparking outrage.